Global Automated Fingerprint Identification System Afis Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2022 –2029 |
 Market Size (Base Year) |
USD 10.16 Billion |
 Market Size (Forecast Year) |
USD 45.59 Billion |
 CAGR |
% |
| Major Markets Players |
Global Automated Fingerprint Identification System (AFIS) Market, By Component (Hardware, Software), Search Type (Tenprint to Tenprint Search, Latent Print to Latent Print Search, Others), Application (Banking and Finance, Government, Hospitality, Healthcare, Transportation, Others), Product (Multi Modal Automated Fingerprint Identification Systems (AFIS), Single Modal Automated Fingerprint Identification Systems (AFIS)) – Industry Trends and Forecast to 2029
Automated Fingerprint Identification System (AFIS) Market Analysis and Size
Automated fingerprint identification system (AFIS) is a biometric identification system which has designed to help law enforcement authorities such as investigative agencies and police in solving the criminal cases as well as immigrant and border security. However, automated fingerprint identification software has found its way into various government and private organizations that are rapidly growing. Since each fingerprint has unique print, the fingerprints are regarded as a full-proof detection technique. Fingerprinting is progressively being used to prevent fraud as digital technology advances. Automated fingerprint verification is normally used in a variety of other systems, including attendance and access control.
Data Bridge Market Research analyses that the automated fingerprint identification system (AFIS) market was valued at USD 10.16 billion in 2021 and is expected to reach USD 45.59 billion by 2029, registering a CAGR of 20.64% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Automated Fingerprint Identification System (AFIS) Market Scope and Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2022 to 2029 |
|
Base Year |
2021 |
|
Historic Years |
2020 (Customizable to 2014 - 2019) |
|
Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
|
Segments Covered |
Component (Hardware, Software), Search Type (Tenprint to Tenprint Search, Latent Print to Latent Print Search, Others), Application (Banking and Finance, Government, Hospitality, Healthcare, Transportation, Others), Product (Multi Modal Automated Fingerprint Identification Systems (AFIS), Single Modal Automated Fingerprint Identification Systems (AFIS)) |
|
Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
|
Market Players Covered |
Safran (France), NEC Technologies India Private Limited (India), FUJITSU (Japan), Aware, Inc. (U.S.), Gemalto Cogent, Inc. (U.S.), BIO-key International, Inc. (U.S.), Precise Biometrics AB (Sweden), secunet Security Networks AG. (Germany), Thales Group (France), Cognitec Systems GmbH (Germany), Crossmatch. (U.S.), Fulcrum Biometrics, LLC. (U.S.), Daon (Ireland), Facebanx (U.S.), HID Global Corporation/ASSA ABLOY AB. (U.S.), SUPREMA. (South Korea), IRITECH, INC. (U.S.), and M2SYS Technology (U.S.), among others |
|
Market Opportunities |
|
Market Definition
Automated Fingerprint Identification System (AFIS) is a biometric identification system which uses digital imaging to match and evaluate fingerprints from a database. The automatic fingerprint identification system software also allows real-time database uploading, acquisition, and storage.
Automated Fingerprint Identification System (AFIS) Market Dynamics
Drivers
- Payment Security Concerns
Growing offline and online payment security concerns globally is the vital factor which is expected to drive the growth of the automated fingerprint identification systems. Some of the prominent areas of AFIS application such as ID registries, e-passports, general identification and fraud prevention, biometric visas, digitized driver licenses, and electronic voter registration and election management.
- Highly used in banking and financial sector
Increasing investments in banking and finance sectors and rising demand for secure financial transactions are those factor which are expected to drive the growth of the ASFI market. There is a growing acceptance of automated fingerprint identification system technology in banking sector to maintain the security and privacy and make simple protected financial transactions.
- Government initiatives
Rising competition in the market has increased the need for securing confidential information and data of an organization for sustaining their position in the market. Several initiatives which has taken by the governments to offer unique identity cards for every citizen is anticipated to drive the growth of the market. For instance, the aadhar cards initiative for individual persons has undertaken by the Indian government consists of biometric data collection.
Opportunities
- Rapid Growth in Telecom
Telecommunication industry is the second leading adopter of automated fingerprint identification systems globally. The large adoption of AFIS technology to ensure the security is expected to allow the AFIS market to garner exponential traction in the future. Furthermore, increase in border management activities is anticipated to increase the market growth. Increased demand for AFIS across government sectors for governance usages globally is expected to create significant opportunities in upcoming years.
Also, increasing applications of access control system in civil services and adoption of biometric services will further increase several opportunities that will lead to the growth of the automated fingerprint identification system (AFIS) market.
Restraints/ Challenges
- Availability of substitute
However, the availability of other substitute identification techniques such as a voice, face, and iris authentication and identification is expected to hamper the growth rate of the automated fingerprint identification system market.
- Concerns over the misuse of fingerprints
The problems associated with feature matching and extraction techniques and faulty sensors as well as other challenges, such as the compare fingerprint patterns and inability to capture because of distorted fingerprint patterns are anticipated to restrict the growth of the market to a certain extent.
This automated fingerprint identification system (AFIS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automated fingerprint identification system (AFIS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Automated Fingerprint Identification System (AFIS) Market
The ongoing spread of COVID-19 pandemic has become one of the biggest issue to the global economy which is the major reason of concerns and economic hardship for businesses, consumers and communities across the globe. Due to covid-19 pandemic create some rules such as social distancing and working from home which has created challenges with regular work, needs, daily activities and supplies, causing delayed initiatives and missed opportunities. The outbreak of COVID-19 pandemic has impacted the society as well as overall economy overall the globe. The impact of this pandemic has grownup day-by-day which affects the overall supply chain. This has decreased business confidence, created uncertainty in the stock market, slowed supply chain, and increased panic among consumers.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Automated Fingerprint Identification System (AFIS) Market Scope
The automated fingerprint identification system (AFIS) market is segmented on the basis of component, search type, application and product. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Hardware
- Software
Search Type
- Tenprint to Tenprint Search
- Latent Print to Latent Print Search
- Others
Application
- Banking and Finance
- Government
- Hospitality
- Healthcare
- Transportation
- Others
Product
- Multi Modal Automated Fingerprint Identification Systems (AFIS)
- Single Modal Automated Fingerprint Identification Systems (AFIS))
Automated Fingerprint Identification System (AFIS) Market Regional Analysis/Insights
The automated fingerprint identification system (AFIS) market is analysed and market size insights and trends are provided by country, component, search type, application and product as referenced above.
The countries covered in the automated fingerprint identification system (AFIS) market report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America dominates the automated fingerprint identification system (AFIS) market in terms of market revenue. This is due to the dominance of majority of manufacturers along with the adoption of advanced technology in this region.
Asia-Pacific is anticipated to be the fastest developing region due to the growing initiatives which has taken by government to deliver personal tax ID and unique identity number based on their biometric information in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automated Fingerprint Identification System (AFIS) Market Share Analysis
The automated fingerprint identification system (AFIS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automated fingerprint identification system (AFIS) market.
Some of the major players operating in the automated fingerprint identification system (AFIS) market are:
- Safran (France)
- NEC Technologies India Private Limited (India)
- FUJITSU (Japan)
- Aware, Inc. (U.S.)
- Gemalto Cogent, Inc. (U.S.)
- BIO-key International, Inc. (U.S.)
- Precise Biometrics AB (Sweden)
- secunet Security Networks AG. (Germany)
- Thales Group (France)
- Cognitec Systems GmbH (Germany)
- Crossmatch. (U.S.)
- Fulcrum Biometrics, LLC. (U.S.)
- Daon (Ireland)
- Facebanx (U.S.)
- HID Global Corporation/ASSA ABLOY AB. (U.S.)
- SUPREMA. (South Korea)
- IRITECH, INC. (U.S.)
- M2SYS Technology (U.S.)
SKU-
Get online access to the report on the World's First Market Intelligence Cloud
- Interactive Data Analysis Dashboard
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
- Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
